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US stocks close near the lows for the day

US stocks close near the lows for the day

Major US stock indices are closing near the lows for the day. Recall from yesterday, the NASDAQ index closed at a new record high. The S&P index traded above its all-time close but ended the day below that level. Today both indices moved away from those record...

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What’s the important chart for US natural gas?

What’s the important chart for US natural gas?

US natural gas prices jumped 2.5% today after a surprisingly large draw in weekly inventory data. The 190 bcf drawdown compared to the average of the week of 66 bcf.This the top chart on most natural gas decks as it shows natural gas storage relative to the past five...

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NZDUSD trades near lows for the day and the year.

NZDUSD trades near lows for the day and the year.

The NZD/USD hit a new low for the year yesterday, bottoming at 0.57604, just within the key swing area between 0.5741 and 0.5772 on the daily chart. The price rebounded into the close and continued higher during the early Asian session today, reaching 0.58138, a swing...

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EURUSD follows the technical script

EURUSD follows the technical script

The EUR/USD is following a well-defined technical script after the ECB's 25-basis-point rate cut. The pair initially dropped to a low of 1.0463, just above the upper boundary of a key swing area between 1.0448 and 1.0461. Buyers stepped in at this risk-defining level,...

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